Post Utme Coal City University 2019 Accounting Question 40

Practice objective / multiple choice question 40 from the 2019 Post Utme Coal City University Accounting examination.

Post Utme Coal City University 2019 Accounting Objective / Multiple Choice
Question 40 POST_UTME_COAL_CITY_UNIVERSITY • 2019 • ACCOUNTING • objective

A company's single entry system shows the following transactions: Date 31st January 2022 ₦1,000,000 31st March 2022 ₦500,000 31st May 2022 ₦200,000 31st July 2022 ₦300,000 31st September 2022 ₦400,000 31st November 2022 ₦600,000 What is the total value of the company's liabilities as at 31st December 2022?

Answer Options

A. ₦2,500,000
B. ₦2,600,000
C. ₦2,700,000
Correct Answer D. ₦2,800,000
Correct Answer
D
Correct Option:
₦2,800,000

About This Question

This is Post Utme Coal City University 2019 Accounting Question 40. It is one of the objective questions from the 2019 Post Utme Coal City University Accounting examination.

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